Odaily Planet Daily reports, according to Lookonchain monitoring, Abraxas Capital bought 16,554 ETH on the spot market over the past 12 hours, worth $39.8 million; its two hedging accounts on Hyperliquid collectively hold 120,178 ETH short positions, valued at $291.4 million.
Abraxas Capital buys 16,554 ETH in 12 hours and holds $291.4M in ETH short positions on Hyperliquid
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Summary
Abraxas Capital purchased 16,554 ETH for $39.8 million over 12 hours, according to on-chain trading signals. The firm’s hedging accounts on Hyperliquid hold short positions of 120,178 ETH, valued at $291.4 million. Such moves are commonly viewed as part of capital protection strategies in volatile markets.
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